3.  Changes in Economics

1.) Traders believed in mercantilsm- DEFINE THIS TERM - TFLYNN
Idea of exporting more than you import.

STANDARD WEIGHTS AND MEASURES??

1.) Merchants-(middle class)
o Become wealthy because of sale of goods
o Influential- involved in politics

Tariff-tax on imported goods.
Standard Currency-for nation

Economic Systems
• Mercantilism
o export more than you import
o colonies important part.
• Tariffs
o Tax on imports